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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (59407)	5/15/1999 1:49:00 AM
From: Richard Nehrboss	Read Replies (1) \| Respond to of 132070

Hey Mike, In your world economic meltdown vision, you think T Bonds will hold their own as the only alternative for money to park. Let's say I park all my money in spread conversions. I try to visualize the worst case scenario. To me this would be the players on the other side of the transactions defaulting. Are the brokerage houses responsible, becoming the second line of defense? Then SPIC? In my mind this is a pretty good defense system. Can you fill me in? Richard

To: Knighty Tin who wrote (59407)	5/15/1999 9:53:00 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, >>I disagree about the bonds. I think the real weakness of this credit bubble economy will work in favor of T-Bonds.<< I agree with you and I don't. I think it may be a matter of our different time horizons in the discussion. I can definitely see a period of deflation and economic weakness in the relatively near future that will cause bonds to be a great place to be. But if you put a gun to my head and said you have to hold this 30 year treasury to maturity and offered me 5.9% I would have to let you shoot me. <g> Wayne